The Liberal National Party is also looking for a new leader after Tim Nicholls stood down after finally conceding defeat in last month's Queensland election.

Almost two weeks since the state election, Labor has won 48 seats - one more than the 47-seats required to form a majority government in the new 93-seat parliament - while the LNP won 39 seats, well short of the number needed to turf the Palaszczuk government out of office.

The cross benches of the parliament will include three Katter's Australian Party members (up from two in the last parliament), a Greens and One Nation MP as well as Noosa independent Sandy Bolton.

This morning I rang @AnnastaciaMP to concede & wish her the best. I am proud of the positive campaign @LNPQLD ran. I take full responsibility for it. At the party room on Tuesday I will not seek to continue as LNP leader. It is time for a new generation of LNP leaders.

Ms Palaszczuk said she would write to the federal government about the Adani loan on Tuesday, but denied the veto of a concessional loan from the $5 billion Northern Australia Infrastructure Facility would be the death knell for the mine and rail project in Central Queensland.

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"They [Adani] have to stack it up financially themselves," Ms Palaszczuk said after visiting Government House in Brisbane on Friday afternoon.

Ms Palaszczuk said she looked forward to having a majority government and committed herself to delivering on her jobs, health and education agenda.

A Labor victory has looked on the cards for the past week but Ms Palaszczuk was waiting for Mr Nicholls to bow out of the race and for the Electoral Commission to finish counting the votes which took longer because of the re-introduction of compulsory preferential voting.

Mr Nicholls, a former treasurer in the Newman government which was turfed out of office in 2015 after only one term, said he was proud of the positive campaign the party ran in the recent election, but he had decided to stand down.

Tim Nicholls said he was proud of the positive campaign the party ran in the recent election, but he had decided to stand down.
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"I take full responsibility for it," Mr Nicholls tweeted on Friday morning. "At the party room on Tuesday I will not seek to continue as LNP leader. It is time for a new generation of LNP leaders."

Mr Nicholls ran a solid campaign but was de-railed by the baggage from the unpopular Newman government - which sacked 14,000 workers and picked fights with key constituents - as well as Labor's ruthless campaign to target a potential alliance between the LNP and One Nation to form minority government in the case of a hung parliament.

One Nation candidates won 20 to 30 per cent of the primary vote in about a dozen seats, but only secured 13.7 per cent of the vote across the state because it contested 61 out of 93 seats.

LNP deputy leader Deb Frecklington, who holds former premier Joh Bjelke-Petersen's seat of Nanango, was quick out of the blocks to announce she will contest Tuesday's party room ballot, with another leadership contender Tim Mander agreeing to run as her deputy.

She said she would offer voters a "no frills" attitude to politics which would allow LNP to re-connect with voters after another election loss for the conservatives in Queensland, where they have been out of office for 23 of the past 28 years.

"You put your hand up to serve your community, in whatever way you could, not just to make things better for your own family but for everyone in your community," Ms Frecklington said in a statement.

"It's why I entered politics and it's why today I'm announcing that I'm putting up my hand to run for the leadership of the LNP in Queensland."

Former LNP leader and Gold Coast MP John-Paul Langbroek also threw his hat in the ring saying the LNP needed someone who "knows the rigours of leadership and with the experience to rebuild the trust with Queenslanders". "I have the measured resolve to take on Labor," he said.

(Former Newman government minister and returning LNP MP David Crisafulli, who had also been touted as a leadership contender, announced on Friday he would not be contesting the leadership ballot.

A shake-up is also expected in the Palaszczuk ministry with speculation growing that Treasurer Curtis Pitt, who has delivered the past three budgets, will be dumped and replaced by the Left's factional warrior Jackie Trad.

There is a push to make Mr Pitt speaker of the new Parliament, but it remains unclear whether the North Queensland MP has given up hopes of staying in the ministry.